Anthony Scaramucci Says Obama, Biden And Trump Piled On $31 Trillion In Debt, Calls Inflation 'Coward's Tax' That Passes Losses To Working People

Anthony Scaramucci warned that recent U.S. fiscal policy — adding roughly $31 trillion under Obama, Biden and Trump on top of $7 trillion from earlier presidents — has left the U.S. with a record $39 trillion national debt (about 100.2% of GDP). He argued politicians are effectively financing obligations via higher inflation, which erodes the dollar and hits working households hardest. The piece highlights the debt trajectory toward $40 trillion by the November elections and rising inflation data, which market participants may interpret as upward pressure on inflation expectations and potential weakness in the dollar. For markets, that dynamic typically boosts demand for inflation hedges and safe-haven assets such as gold (XAUUSD), while increasing sensitivity to fiscal and monetary policy shifts ahead of the election.